Prime Brokerage

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Prime Brokerage

A brokerage that provides services exclusively to institutional investors, especially hedge funds. Prime brokerage services include clearance, lending of securities, lending of money for leveraged transactions, and technical and support services. Prime brokerage services allow institutional investors to effectively outsource these aspects of investment to another party, freeing it up to concentrate on its investment strategy.
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The rankings are based on a weighted average of prime brokerages' performance in categories such as financing, client services, technology and margining.
Global Banking News-23 June 2010-Deutsche Bank and Credit Suisse share honours in prime brokerage survey(C)2010 ENPublishing - http://www.enpublishing.co.uk
Germany-based Deutsche Bank (NYSE: DB) and Switzerland-based Credit Suisse (NYSE: CS) are strengthening their Asian prime brokerages.
While Deutsche Bank is said to announce the appointment of Nathan Davidson from Merrill Lynch as its new co-head of prime brokerage in Asia excluding Japan, Credit Suisse has hired Matt Pecot from UBS AG (NYSE: UBS) as head of Asian-Pacific prime brokerage services.
Goldman Sachs and BNP Paribas will provide clients of ADS Securities a range of prime brokerage solutions including counterparty clearing and custody, financing solutions, securities lending, technology and reporting, capital introduction and consultative advisory.
Philippe Ghanem, Managing Director of ADS Securities said, "The prime brokerage services provided by BNP Paribas and Goldman Sachs will further increase the speed and efficiency of global market access that we provide our clients on the ADSS Trader platform.
PortfolioShop, New York, has announced the release of FixQ BrokerRisk, a prime brokerage exposure monitoring system.